Messages

1

Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: December 13, 2017, 03:32:05 PM »

Dear contributors and members of the FundCoin community!

We are sorry to announce that due to a number of reasons, we decided to stop the FundCoin ICO. From now on, we will focus on developing  Blockchain Fund-of-Funds targeting the blockchain industry for institutional and qualified investors.
If you are willing to participate in the Fund of Funds, please do not hesitate to reach us for more information at [email protected]. For refunds, please contact [email protected].

Thank you for being with us and good luck!

Yours,
The FundCoin Team

2

Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 10, 2017, 10:20:13 PM »

Will the minimum investment be the same?

Yes, the minimum investment will be 1€ or 1 FND token. If you buy FND with a cryptocurrency, the amount can be any. However if you buy FND with Euros or dollars, the minimum amount is 20,000 Euros.

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Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 10, 2017, 08:35:48 PM »

Unfortunately, there are no discounts, just direct investments right away. It is due to the fact that the underlying project is not a high-risk start-up as the overwhelming majority of similar projects. The funds are raised during this ICO will be invested in a selection of private equity and venture capital funds collectively managing more than $1bn of assets, run by some of the most respected and successful managers in the business

Any discounts and bonuses badly affect the prices of the token in the future - everyone is trying to sell them as soon as possible, as soon as the opportunity appears

You are pretty right. This is one of the reasons for their absense. The second and the main one is that, as mentioned before, the underlying project is not a high-risk start-up as the overwhelming majority of similar projects. The funds raised during this ICO will be invested in a number of private equity and venture capital funds collectively managing more than $1bn of assets, run by some of the most respected and successful managers in the business

4

Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 09, 2017, 11:28:14 PM »

So. Will the updated ICO offer bounties?

Unfortunately, it won't

What about discounts?

Unfortunately, there are no discounts, just direct investments right away. It is due to the fact that the underlying project is not a high-risk start-up as the overwhelming majority of similar projects. The funds are raised during this ICO will be invested in a selection of private equity and venture capital funds collectively managing more than $1bn of assets, run by some of the most respected and successful managers in the business

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Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 09, 2017, 10:02:03 PM »

So. Will the updated ICO offer bounties?

Unfortunately, it won't

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Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 08, 2017, 11:17:52 PM »

How Contributors can defend their rights? What is the legal practice?

FundCoins are backed by investments in a selection of funds collectively managing more than $1bn of assets, run by some of the most respected and successful managers in the business. Income distributions from these funds are to be used to buyback FND tokens from the market, so Investors can benefit from this buyback program

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Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 08, 2017, 09:46:00 PM »

Will I be able to buy FundCoins in fractions, e.g. 2.5 FNDs?

Yes. The smallest fraction of FND is 0.0001 FND.

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Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 08, 2017, 12:29:52 PM »

i need info regarding dev. if possible the linkedin profile.
Will there be an Airdrop program?

Information about our team will be posted on our website after the update. Airdrop is not planned.
 

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Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 07, 2017, 11:01:40 PM »

What are the benefits for investors?

The principal benefit for investors is that the underlying project is not a high-risk start-up as the overwhelming majority of similar projects. The FND sale proceed will be used to invest in a selection of funds managing more than $1bn of assets, run by some of the most respected and successful managers in the business. We are hoping for IRRs above 25% per annum and cash payouts via token repurchases in the secondary market.

10

Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 07, 2017, 09:29:08 PM »

Are you gonna do buy back each quarter?

Yes, the buyback is on a quarterly basis.

Okay, but I'm very curious when and for what amount the first buyback will happen

After the first quarter of the Fund operation, and later every quarter, the Finblock will offer to buy back FNDs from the investors for the amount of cash received from the investments, at a price determined by Finblock at the time. At this point investors will benefit from their FundCoins. Also they will be able to sell FNDs at exchanges at any time.

11

Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 06, 2017, 11:08:24 PM »

Are you gonna do buy back each quarter?

Yes, the buyback is on a quarterly basis.

12

Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 05, 2017, 11:02:03 PM »

What are the advantages of the tokenized funds?

Investors get access to a very promising market related simultaneously to real economy companies and as well to Blockchain and cryptocurrencies. Tokenized funds allow individuals to invest in real assets of the existing companies and provide at the same time a unique access to a high performance and highly liquid blockchain private equity fund, usually the preserve of institutional investors.

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Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 05, 2017, 09:51:26 PM »

What will happen if not all tokens will be sold? Will they be destroyed?

All the tokens not distributed during the crowdsale will be burned out. The rate is 1 FND = 1 Euro. A respective number of FundCoins will be created, meaning that if, for example 19 million Euros are raised, then 19 million FundCoins will be created. There will not be extra tokens.

And will they burn after the buyback?

Yes, they will

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Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 04, 2017, 10:07:06 PM »

What will happen if not all tokens will be sold? Will they be destroyed?

All the tokens not distributed during the crowdsale will be burned out. The rate is 1 FND = 1 Euro. A respective number of FundCoins will be created, meaning that if, for example 19 million Euros are raised, then 19 million FundCoins will be created. There will not be extra tokens.

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Ethereum Tokens / Re: [ANN][ICO] FUNDCOIN - THE ORIGINAL PRIVATE EQUITY TOKEN

« on: November 03, 2017, 11:02:52 PM »

What will govern the distribution process?

It's governed by Smart Contracts. The FNDs will be distributed pro-rata as per paid/invested amounts at the rate of 1 FND = 1 Euro.